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David Godin

davidgodin@hotmail.com +1(586) 416-0600

$ 3,995,000

Est. payment | -/mo

11,807 SqFt

Save

$ 3,995,000

Est. payment | -/mo

Save

11,807 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 11,807 sqft

Price per Sqft $338

Subdivision Mi

MLS Listing ID 80007999

Year Built 1905

Lot Size 0.510 Acres

Acres 0.51

Lot Dimensions 165x132

Property Sub-Type Business

Property Description

A Once-in-a-Generation Opportunity to Own a Traverse City Landmark. Few properties hold such a prominent place in a community's history. Fewer still have been lovingly restored with the care, investment, and attention to detail found here. This magnificent Neo-Classical Revival estate is one of Traverse City's most recognizable historic properties. Originally built for the son of a prominent lumber baron, the property was painstakingly restored to its original grandeur by the current owners. Today, the property operates as a well-known inn featuring 9 guest rooms and 15 bathrooms. The carriage house includes two separate 2-bedroom apartments, each with a kitchen and in-unit washer and dryer. Below the carriage house, the original stables remain largely unused, creating opportunities for event space, additional guest suites, or other creative uses. Including the unfinished basement and lower level of the carriage house, the property encompasses an impressive 15,918 square feet. The sale includes an extensive collection of period antiques and furnishings, along with the website, marketing materials, licenses, and associated intellectual property. A detailed FF&E inventory will be provided during due diligence. The estate itself is conservatively assessed at approximately $3.2 million, making this a rare opportunity to acquire a landmark property, a recognized hospitality business, and an extraordinary collection of antiques and furnishings in a single offering. Words and photographs cannot capture the craftsmanship, architectural details, and sense of place found throughout the estate. Plan to spend at least an hour touring the propertyâ€”you'll want the time to appreciate everything it has to offer. Please do not approach staff or guests. All inquiries should be directed to the listing broker.

Location

State MI

County Grand Traverse

Area Traverse City (28021)

Zoning Residential

Interior

Heating Forced Air, Hot Water

Cooling Central A/C

Exterior

Parking Features 11-20 Spaces, Parking Lot

Roof Type Asphalt,Tile

Building

Foundation Basement

Water Public Water

Structure Type Frame,Wood

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Commercial Loan,Exchange/Trade

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by Cygnus Real Estate

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+1(586) 416-0600

davidgodin@hotmail.com

101 W Big Beaver Rd, Troy, MI 48084, USA

Learn More About LPT Realty

230 Wellington Traverse City, MI 49686-2610